Tháng: tháng tư 2019

Ngành công nghiệp không cư trú trên toàn thế giới, thuế thấp hoặc các công ty trung lập về thuế đang hoảng loạn: tất cả các công ty kế toán lớn (công ty Deloitte, Ernest và Young, KMPG, và PWC) đã bị choáng ngợp bởi một làn sóng luật pháp gần đây được nhiều khu vực pháp lý thông qua cùng một lúc. Cuộc gọi (bắn?) has been made by the European Commission in Brussels regarding the non-cooperative tax jurisdictions. Một số người sẽ tin rằng nó chỉ nhắm đến những người chơi nhỏ, và những người khác sẽ tin rằng nó chỉ ảnh hưởng đến những người chơi lớn. Trên thực tế, nó đang nhắm vào mọi cơ thể. Những người chơi lớn nhất bị ảnh hưởng là các công ty Trung Quốc được thành lập tại Quần đảo Virgin thuộc Anh (BVI). Such companies ... Read more

Anguilla has adopted Economic Substance regulations in a very detailed manner.

The Marshall Islands adopted Economic Substance Regulations applicable from the 1st January 2019. However it is interesting to note that: it applies strictly to relevant activities (distribution and service center business, financing and leasing business, headquarters business, holding company business, intellectual property business, shipping business, banking business, and insurance business) holding company business is defined as pure equity holding company a pure equity holding company is subject to a reduced economic substance test the entities must provide the relevant information if requested by the Registrar it seems to apply to Master Series LLC only (and not each Series) an entity ... Read more

Like their flag with three legs: the Isle of Man prepares to triple kick with sanctions all the investors or companies that do not pass their economic substance’s tests.

Upcoming laws are to be adopted in Jersey regarding Economic Substance for companies.

Taking effect on the 1st January 2019: Guernsey adopted Economic Substance laws.

Already in force: the Cayman Islands adopted laws & regulations regarding economic substance requirements.

Bermuda is added to the list of jurisdictions adopting an Economic Substance Regime. Bermuda is used by numerous insurance companies (for example: AIA in Hong Kong) in order to lower the costs and avoid stamp duty on shares. Insurance companies already have on the ground staff in Bermuda so this should not be a problem for them.

The Bahamas follow many other jurisdictions by adopting substantial economic presence requirements: activities must be conducted from the Bahamas.

The British Virgin Islands (BVI) adopts economic substance requirements applicable from 1 Tháng một 2019 (with a six-month transitional period for existing legal entities) if it conducts any of the following “relevant activities”: banking business insurance business fund management business finance and leasing business headquarters business shipping business holding business intellectual property business distribution and service centre business. If the economic substance fail, the BVI non-resident company needs to show that it is resident (and taxed) in another jurisdiction. Companies registered in the BVI are widely used in Hong Kong.